Expert AdvisorsForex

Big Poppa EA Review: Things You Need to Know Before Investing

3 Mins read
3.2

Big Poppa EA promises to earn you a monthly return of 30-50% and keep the drawdown level at 15-25%. You need to have a minimum balance of $500 in your account to begin trading with it. Big Poppa EA was developed by a group of young traders who automate algorithms in their free time. The team is versed in a variety of fields, including programming, data analytics, machine learning, genetic algorithms, and coding. 

Big Poppa EA trading strategy

The EA combines three different strategies. The first one is money management. The system strongly focuses on safeguarding your profits through hedging, trailing stop, limiting the number of trades, and equity stop. Fibonacci is the second approach. In this case, Big Poppa attempts to capture retracement and assess their extensibility over time by mixing Fibonacci Golden Zone and the probabilistic zones. 

Lastly, we have price action. With regards to this strategy, the devs disclose that the system doesn’t fully depend on the crossover. However, they make sure that this crossover has more than a 75% win rate before applying it. On another note, the martingale approach is also used to recover losses. 

Big Poppa EA backtesting report

The presentation does not showcase any backtest results. This data is essential as it assists traders to make more informed decisions regarding the efficiency of a trading idea. This way, they don’t end up staking their capital on an untested hunch.

Big Poppa EA live results

Live trading stats
Live trading stats

These stats show that Big Poppa operated a demo account on Myfxbook. But as you can see, the results were terrible. Obviously, the trading strategies used were very risky as they have eaten away 99.92% of the capital. The daily and monthly profits were -3.90% and -92.13%, respectively. So, the deposit decreased from $1000 to $1.15. 

Trading performance
Trading performance

The EA conducted 180 trades with -1498.9 pips. From the average win (18.55 pips) and average loss (-53.65 pips) results, it is apparent that the system lost more than won. A profit factor of 0.43 also illustrates this fact clearly. It’s no wonder that the system reported average win rates for long (60%) and short (64%) positions. The best trade made a profit of $95.54, while the worst one caused the account to suffer a loss of -$328.54. 

Hourly trades
Hourly trades

The robot was very active between 4pm and 6pm. 

Monthly profits
Monthly profits

The only period the system managed to make considerable returns was in August. It made immense losses in the months that followed. 

Some features of Big Poppa EA

Total return-99.88%
Maximal drawdown99.92%
Average monthly gain-92.13%
DeveloperN/A
Created, year2021
Price $149
TypeFibonacci retracements, price action, money management, and martingale
TimeframeH1
Lot sizeN/A
LeverageN/A
Min. deposit$500
Recommended depositN/A
Recommended brokersN/A
Currency pairsEURJPY and EURUSD
ECNN/A

Main things to consider if you invest with Big Poppa EA

Before purchasing the robot, you need to take note of the following:

Massive drawdown

The huge drawdown generated is of particular concern. It tells us that the EA can deplete your funds considerably in less than 6 months. 

Martingale on the board

This strategy is a relatively risky one because the chances of losing money are infinite. Moreover, you can never be sure that the trades will eventually reverse, not to mention the fact that the approach is usually useful for traders with a lot of money. 

High risk of ruin

The EA has a tendency of taking bad trades and ends up with more losses than wins as a result. So, the possibility of losing considerable capital with the robot to the point at which recovering losses is impossible is high. 

Pricing details

Big Poppa is currently available at a cost of $149. At this price, you will get a single lifetime license, unlimited accounts under your name, +10 set files, and a user guide. Payment can be made through Paypal, Skrill, or Crypto. Unfortunately, the vendor does not include a money-back guarantee in the package. 

Big Poppa’s price
Big Poppa’s price

Other notes

Big Poppa EA has zero customer feedback despite claims that more than 300 licenses have been sold. Why haven’t any of these clients reviewed the product? We need to hear what they have to say about the system’s performance. 

Big Poppa EA Summary

3.2
We applaud the vendor for testing the viability of their strategy on Myfxbook. However, the system’s trading activity on the Myfxbook account was stopped in October 2021. Since that time, no order has been placed. It raises suspicions regarding the EA’s viability. So, with time, the system can increase an account’s risk of ruin and eventually blow it up.
5.0

Functionality

2.0

Reliability

1.0

Strategy

6.0

Price

2.0

Trading results

3.0

Vendor transparency

Pros

  • +Fair pricing
  • +Verified live trading data is provided

Cons

  • -A dangerous strategy is present
  • -Huge drawdown
  • -Backtest results are unavailable
  • -A money-back guarantee is missing
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